Canada vs Mexico: Tax Comparison
Compare income tax rates and take-home pay between Canada and Mexico
You'd keep $5,334 more in Mexico
Mexico
23.3% tax
Canada · Ontario
28.7% tax
$444/mo difference
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Side-by-side breakdown
Mexico
2026
23%
Income
Gross Salary$100,000
Personal deductions limit-$12,427
Mexican Social Security Institute (IMSS) employee contribution-$1,690
Taxable Income$85,883
Taxes & Contributions
1.92% bracket-$11
6.40% bracket-$282
10.88% bracket-$412
16.00% bracket-$228
17.92% bracket-$361
21.36% bracket-$2,654
23.52% bracket-$3,340
30.00% bracket-$10,595
32.00% bracket-$3,751
Mexican Social Security Institute (IMSS) employee contribution-$1,690
Total Taxes-$23,324
NET ANNUAL PAY$76,676
Per Month$6,390
Effective Rate23.3%
Canada · Ontario
2025
29%
Income
Gross Salary$100,000
Canadian Pension Plan (CPP) - Enhanced portion-$568
Taxable Income$99,432
Taxes & Contributions
Federal bracket 1-$6,065
Federal bracket 2-$8,575
Federal bracket 3-$4,100
Basic Personal Amount (BPA)+$247
CPP Base Contribution Credit+$68
Ontario bracket 1-$1,894
Ontario bracket 2-$3,432
Ontario bracket 3-$2,725
Ontario Basic Personal Amount+$247
Canadian Pension Plan (CPP) - Base portion-$1,663
Employment Insurance (EI)-$765
Total Taxes-$28,658
NET ANNUAL PAY$71,342
Per Month$5,945
Effective Rate28.7%
Tax rate by income level
Canada
Mexico
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